高管激励对中国企业海外并进型战略的影响研究——基于激励因素及高管任期的实证研究

学术界关于海外并进型战略的研究由来已久,但是缺乏对高管激励与战略机制之间关系的探索。基于委托—代理理论和激励理论,利用中国沪深A股制造业上市公司2006—2017年数据,从高管激励的视角分别研究了高管股权激励和控制权激励对并进型战略平衡度的影响和作用机制。实证结果表明:高管股权激励与公司海外并进型战略的有机平衡度呈正相关关系,高管控制权激励与公司海外并进型战略的有机平衡度呈“倒U形”关系,高管任期负向调节股权激励及控制权激励与企业海外并进型战略有机平衡度之间的关系。跨国公司应充分利用高管任期和高管激励模式之间的替代效应,形成激励效用最大化的管理层权力体系。上述研究完善了新兴市场国家企业对外直接投资及公司治理的相关理论,为中国企业国际化过程中提高并进型战略平衡度和海外绩效提供了新思路。     

河南上市公司高管薪酬与经营绩效相关性分析

河南上市公司高管的薪酬,主要与其公司的每股收益、净资产收益率和总资产周转率等反映企业盈利能力、营运能力及盈利质量的指标相关,与企业规模呈显著的正相关关系,与上市公司业绩指标的相关性存在规模效应,并受国有持股比例的影响。高管持股对公司绩效的影响存在区间效应,持股0.05%以上的样本公司的盈利水平和盈利质量较好,其高管持股可发挥长期激励作用。     

熊市背景下的高管持股、年薪激励与研发投资——基于2008-2012年中小板上市公司数据的实证检验

以2008-2012年中小板上市公司为对象,实证分析了熊市背景下高层管理者持股数量、年薪总额和研发投资关系。利用多元回归分析研究发现,在熊市背景下高管持股数量与研发投入显著负相关,高管年薪与研发投入显著正相关。相对于非高科技企业,高管持股对高科技企业研发支出负面影响更显著;股权集中将降低高管持股对研发支出的负面影响。相对于高盈利企业,高管持股对低盈利企业的研发支出负面影响更显著;相对于低成长企业,高管持股对高成长企业研发支出负面影响更显著。     

Teachers' Theory‐of‐mind Coaching and Children's Executive Function Predict the Training Effect of Sociodramatic Play on Children's Theory of Mind

Theory of mind (ToM), the ability to interpret one's own and others' mental states, is essential for social interaction; thus, it is important to promote the early development of ToM. The current study investigated (1) whether sociodramatic play (SDP) promotes the development of ToM in kindergarten children; (2) whether teachers' ToM coaching, as well as children's individual differences in language and executive function (EF), may influence how children benefit from SDP; and (3) whether SDP improves children's development in language and EF. Seventy‐one kindergarteners (M age = 60.2 months, SD = 5.7) divided into 12 groups were randomly assigned to three conditions: free play, SDP, or SDP + ToM coaching. Each condition included four weekly sessions, 45 min per session. Before and after the training, children's ToM, language and EF were measured. The results showed that after children's individual differences in ToM were considered, (1) SDP positively predicted children's post‐test ToM; (2) teachers' ToM‐related guidance during SDP and children's pretest EF positively predicted the training effect of SDP on children's ToM; (3) teachers' ToM‐related guidance during SDP, but not SDP alone, predicted children's post‐test language; and (4) neither SDP nor teachers' ToM‐related guidance during SDP predicted children's post‐test EF.     

宁夏政府提高执行力的实践作用与途径选择

宁夏回族自治区自实施政府效能建设以来,科学决策机制、管理体制不断完善和创新,行政效率、行政监察不断提高和强化,政府执行力得到明显改善,但仍存在执行不坚决、执行不到位等问题。积极探索提升宁夏政府执行力适合的路径是我们目前亟待解决的重中之重。